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Bookmark or Share- Introduction to Monte Carlo simulation in Excel - Microsoft SupportWe refer to the formula for profit (calculated in cell C11) in the upper-left cell of our data table (A15) by entering =C11. We are now ready to trick Excel into simulating 1000 iterations of demand for each production quantity.
- Create an array formula - Microsoft SupportCopy the table below and paste it into Excel in cell A1. Be sure to select cells E2:E11, enter the formula =C2:C11*D2:D11, and then press Ctrl+Shift+Enter to make it an array formula.
- Define and solve a problem by using Solver - Microsoft SupportSolver is a Microsoft Excel add-in program you can use for what-if analysis. Use Solver to find an optimal (maximum or minimum) value for a formula in one cell — called the objective cell — subject to constraints, or limits, on the values of other formula cells on a worksheet.
- Sum values based on multiple conditions - Microsoft Support=SUMIFS(D2:D11,A2:A11,”South”,C2:C11,”Meat”) The result is the value 14,719. Let's look more closely at each part of the formula. =SUMIFS is an arithmetic formula. It calculates numbers, which in this case are in column D. The first step is to specify the location of the numbers: =SUMIFS(D2:D11,
- INDEX function - Microsoft SupportThe INDEX function returns a value or the reference to a value from within a table or range. There are two ways to use the INDEX function: If you want to return the value of a specified cell or array of cells, see Array form. If you want to return a reference to specified cells, see Reference form.
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